Tuesday 1 September 2015
 
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ADIB offers rights issue through internet, mobile banking

Abu Dhabi Islamic bank has started offering rights holders who are also its customers, the ability to subscribe to its rights issue through the ADIB internet banking portal and the ADIB mobile banking smartphone application.  

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BHB opens subscription for $394m bonds

A BD150 million ($394.9 million) Government Development Bond issue yesterday (July 26) opened to direct subscription through the primary market, Bahrain Bourse (BHB) announced in a statement. Bahraini and non-Bahraini investors ca

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ADIB’s rights issue subscription to begin on August 23

Abu Dhabi Islamic Bank’s (ADIB) Dh504 million ($137.2 million) rights offer is set to begin on August 23 and will go on till September 10. This follows ADIB’s recent approval of its capital raising plan by way of a rig

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Saudi issues $4bn bonds to finance budget deficit

Saudi Arabia has issued bonds worth SR15 billion ($4 billion) to local banks this year to finance its budget deficit, its central bank governor was quoted as saying by Al-Iqtisadiya daily on Friday. The bonds will help pay for a b

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Miele launches new vacuum cleaner in ME

Miele, a manufacturer of premium home and professional appliances, has launched its latest range of vacuum cleaners, to help reduce the Middle East’s respiratory health issues. It has designed a range of vacuums especially f

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Miele launches new vacuum cleaner in ME

Miele, a manufacturer of premium home and professional appliances, has launched its latest range of vacuum cleaners, to help reduce the Middle East’s respiratory health issues. It has designed a range of vacuums especially f

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Ahli United prices maiden $400m issue of securities

Following successful fixed income investor meetings in Asia, the Middle East and Europe, Ahli United Bank (AUB), has priced its maiden issue of dollar perpetual additional tier 1 securities at a competitive coupon of 6.875 per cent per annum.

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Sandstorm warning issued for Bahrain

A sandstorm warning has been issued for Bahrain. It is expected to hit early today (April 13) and visibility is expected to drop to less than 1,000 metres, according to the Meteorological Directorate at the Transportation and Tele

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BisB gives go-ahead for special purpose vehicle

The shareholders of Bahrain Islamic Bank (BisB) have approved the issuance of more than 9.3 million shares with a nominal value of 100 fils each which equals to BD939,673.5 ($2.4 million) to establish a special purpose vehicle (SPV).

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National Bank of Egypt in talks for dollar bond issue

National Bank of Egypt (NBE), the oldest commercial lender in the North African country, has invited banks to pitch for arranger roles on a potential dollar-denominated bond issue, two banking sources said on Thursday. A deal for

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